The quickly growing e-commerce market in the United States provides plentiful opportunities for investment into online payment solution providers like Net Element, Inc. (NASDAQ: NETE) and its subsidiary PayOnline, a groundbreaking and flexible payment processing platform. As consumers benefit from an increasing number of channels for online ordering—driven by the marked preference of younger generations to make purchases online—the U.S. e-commerce market continues expanding, having reached approximately $395 billion in 2016. As noted in a recent NNW article:
“Mobile purchases are leading the way when it comes to the growth of the e-commerce sector, with almost half of the digital retail traffic happening on mobile, according to Business Insider data (http://dtn.fm/Udg0y). But the traffic increase does not translate into actual purchases, with consumers preferring to use desktop computers rather than their smartphones for online orders. The volume of mobile traffic, however, presents a major opportunity for retailers, as mobile allows consumers and vendors to communicate more effectively and more frequently. With the right tools and software, mobile payments could grow exponentially, helping expand the digital sales market further. This is where global financial technology group Net Element’s PayOnline platform comes in. Having just entered the U.S. e-commerce market, the PayOnline subsidiary is one of the most versatile global online payment solutions in the industry, leveraging its parent company’s experience with omni-channel electronic payments acceptance solutions that include e-commerce, point-of-sale and mobile devices.”
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About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant and retail point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. Net Element was named in 2016 by South Florida Business Journal as one of the fastest growing technology companies. Further information is available at www.netelement.com.
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